J P Morgan Chase & Co Boosts Fifth Street Finance Corp. (OCSL) Price Target to $6.00

Fifth Street Finance Corp. (NASDAQ:OCSL) had its price objective hoisted by J P Morgan Chase & Co from $5.50 to $6.00 in a research note released on Wednesday, November 1st. J P Morgan Chase & Co currently has a neutral rating on the credit services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Fifth Street Finance Corp. from a sell rating to a hold rating in a report on Monday, October 16th. Keefe, Bruyette & Woods reissued a hold rating and set a $6.00 price target on shares of Fifth Street Finance Corp. in a research report on Monday, October 16th. BMO Capital Markets reissued a hold rating and set a $4.00 price target on shares of Fifth Street Finance Corp. in a research report on Friday, October 6th. BidaskClub raised Fifth Street Finance Corp. from a hold rating to a buy rating in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded Fifth Street Finance Corp. from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $5.88.

Shares of Fifth Street Finance Corp. (NASDAQ:OCSL) opened at $5.53 on Wednesday. The company has a market capitalization of $771.05, a P/E ratio of 8.97, a PEG ratio of 2.05 and a beta of 0.14. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $5.91. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.56.

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In related news, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $5.56, for a total value of $7,837,409.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bernard D. Berman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $5.43, for a total value of $108,600.00. Following the completion of the transaction, the chief executive officer now directly owns 35,968 shares of the company’s stock, valued at $195,306.24. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Fifth Street Finance Corp. stock. Hillsdale Investment Management Inc. bought a new position in Fifth Street Finance Corp. (NASDAQ:OCSL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,600 shares of the credit services provider’s stock, valued at approximately $129,000. 34.65% of the stock is owned by institutional investors.

About Fifth Street Finance Corp.

Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC). The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments, and capital appreciation from its equity investments.

Analyst Recommendations for Fifth Street Finance Corp. (NASDAQ:OCSL)

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